ECN 366 Lecture Notes - Lecture 1: Offshoring, Network Effect
Document Summary
The inflow of less educated workers (low skilled workers) results in more competitive pressure for workers already in that group but also increases the demand for highly skilled workers. 23 percent of workers with no education were foreign born. 8%-10% in the case of high-school and college graduates. Low skill workers and high skill workers are complements. Immigrant labor has depressed the wages of the less-skilled workers (people with less than a high-school diploma) It has increased the wages for us population by 80% Us workers are climbing the educational ladder moving to better jobs. Immigrant labor makes possible the movement of natives to better, skilled jobs that are language intensive and interactive . Types of migration (implications for source and destination countries differ by type) Poor to rich countries, rich to poor, rich to rich, and poor to poor. O(cid:374)ly 175 (cid:373)illio(cid:374) people (cid:894)less tha(cid:374) 3% of (cid:449)orld"s populatio(cid:374)(cid:895) (cid:373)o(cid:448)e a(cid:272)ross (cid:272)ou(cid:374)tries to li(cid:448)e there longer than a year.
